$Q Qnity Electronics Inc | Understand Stock

What Do They Do?

Sells semiconductor manufacturing materials and electronics materials for semiconductor makers, foundries, equipment providers, circuit board manufacturers and other electronics manufacturers.

How Do They Make Money?

Manufacturers and distributors pay for Qnity’s products, usually when products ship; invoices are typically paid 30 to 60 days later. In some cases, customers pay in advance for products delivered after a project is completed and commercial production begins.

revenue

Segment	Share	Revenue	How money arrives
Semiconductor Technologies Sold outright	56%		Sold outright
Interconnect Solutions Sold outright	44%		Sold outright

Who Are Their Customers?

Semiconductor device makers, foundries, equipment providers, circuit board makers and other intermediaries buy Qnity materials. Qnity sells directly and through distributors, and works with OEMs through their fabricator networks.

Customers above 10% of revenue, FY2025

of revenue from two customers (11%, 8%)

FY2024: 19% from two customers

Do Revenues Turn Into Profits?

Yes. It kept 15 cents of every revenue dollar as net income in FY2025 and turned 21 cents into free cash flow.

Operating income, FY2025

26% of revenue

▲ +13% vs FY2024 ($1.1B, 25%)

Net income, FY2025

15% of revenue

▲ +1% vs FY2024 ($724M, 17%)

Free cash flow, FY2025

21% of revenue

▲ +15% vs FY2024 ($861M, 20%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +22%; vs $1.2B in Q2 FY2025
Net income: ▼ −31%; vs $198M in Q2 FY2025

Semiconductor Technologies share of revenue vs 55.0% in Q2 FY2025

Aug 21, 2026 Qnity appointed Ken Rizvi as chief financial officer He is set to replace interim CFO Michael Goss on October 1, 2026.

Revenue over time

Semiconductor Technologies Interconnect Solutions

$5B$2.5B$0

FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Entegris, Merck KGA, Resonac, Element Solutions, and MKS Instruments